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Step 5 - Betting Strategies

Online Betting Strategies

There are many different types of betting strategies that sports punters employ when betting online. Below we will list a few of the more popular strategies that you should abide by to help you gain the edge over the bookmaker, while at the same time restrict your losses.

Have several betting accounts:
With so many bookmakers online now offering different odds for the same markets, it is a very good idea to register several betting accounts with multiple bookies, anywhere between 4-5 is ideal. This way you can bet on the bookmaker that offers the best price on the particular market you wish to bet on. It’s a statistical stat that by distributing your betting funds and using 4-5 bookies you will get 10-12% more out of your betting than by simply using 1-2 bookies.

Using an odds comparison tool:
Once you have several accounts with multiple bookies, using an odds comparison service is a very handy tool. For more details about odds comparisons, we have devoted a whole article to the subject in Step 7.

Finding value:
A value bet is simply when you believe that the bookmakers odds are set at a level where the reward outweighs the risk. There are many different methods that punters use to formulate what they deem is a value bet, but there is no right or wrong way to do this. Ultimately, the best approach is the one that suits you best. Some punters will devise a ratings system which works on past results to predict future outcomes, other punters spend hours gathering information from all different kinds of sources, while others will just go off a hunch.

Researching your bets:
Before you wager on a particular sport or event, its always wise to research your bet thoroughly. If you wager on markets without doing the proper research, your taking a risk and taking a step back. We here at Free Bet Info will provide you with weekly previews of many different sports and provide head to heads statistics, aswell as score results from many different sports.

When researching your bets, the following points are common criteria that punters look for:

Setting a Budget and Daily Stop-Loss
By setting a budget, you are taking a step in the right direction. For example, if you set a monthly budget and allow a maximum total you are allowed to lose in a month and stop betting once this target is hit, you will be restricting your losses overall. This way you will be prepared for any losses that may occur, but any wins you may have during the month will be a big bonus.

Another good method is to set a daily stop-loss. This can be a staking limit whereby if you lose a certain amount on any given day then you stop betting for the rest of the day. What this does is also restrict your losses overall, but it also stops you chasing losses which can be very dangerous.